Victoria Real Estate Market Update – August 2026 | Stephen Foster

Victoria Real Estate  |  August 2026

Plenty of Choice, Steady Sales — July’s Market Rewarded Patient Buyers

July 2026 MLS® Statistics, Greater Victoria Real Estate Board  |  Analysis by Stephen Foster, REALTOR®

Victoria BC Real Estate Market Update | July 2026

Watch the full July 2026 breakdown — sales, inventory, and benchmark prices across Greater Victoria.

Total sales 673 â–Ľ 1.0% vs Jul 2025 Active listings 3,847 â–˛ 3.9% vs Jul 2025 SFH benchmark (Core) $1,311,000 â–Ľ 2.8% vs Jul 2025 Condo benchmark (Core) $548,600 â–Ľ 2.2% vs Jul 2025

July finished just a hair below last year’s pace — 673 sales versus 680 in July 2025, a difference of…

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Inside a 130-Year-Old Heritage Renovation: What It Actually Takes to Restore a Victoria Character Home

 

I recently had someone reach out asking if I could help them as a "heritage home expert" — and it reminded me I've never properly shared one of my favourite projects on this site: a full renovation of a heritage-designated home built in the late 1800s, filmed start to finish.

 

The home had passed through several interior updates over 130 years, but the new owners — both fans of the era — wanted to do something different: work with the Heritage Board and a heritage-experienced contractor to restore the craftsmanship the house was originally built with, rather than strip it away. I followed the project in three parts, from the first Heritage…

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Victoria Real Estate Market Update – June 2026 | Stephen Foster

Victoria Real Estate  |  June 2026

Buyers Have the Wheel: More Choice, Softer Prices, and a Market That Rewards Patience

June 2026 MLS® Statistics, Greater Victoria Real Estate Board  |  Analysis by Stephen Foster, REALTOR®

Total sales 719 â–Ľ 5.5% vs Jun 2025 Active listings 4,054 â–˛ 7.3% vs Jun 2025 SFH benchmark (Core) $1,326,500 â–Ľ 0.6% vs Jun 2025 Condo benchmark (Core) $549,200 â–Ľ 1.9% vs Jun 2025

June is traditionally one of the busiest months in real estate, and while we did see 719 total sales across Greater Victoria, the pace has clearly moderated compared to last year. That total is 5.5 per cent below…

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Victoria Real Estate Market Update – June 2026 | Stephen Foster

Victoria Real Estate  |  June 2026

Spring Has Sprung — and So Has Inventory: What Record Supply Means for You

May 2026 MLS® Statistics, Greater Victoria Real Estate Board  |  Analysis by Stephen Foster, REALTOR®

Total sales 713 â–Ľ 5.9% vs May 2025 Active listings 4,029 â–˛ 8.4% vs May 2025 SFH benchmark (Core) $1,339,000 â–˛ 0.3% vs May 2025 Condo benchmark (Core) $551,400 â–Ľ 1.9% vs May 2025

May brought the spring market everyone was waiting for — but it arrived on buyers’ terms. A total of 713 properties sold across Greater Victoria, down 5.9% from the 758 that…

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Victoria Real Estate Market Update – May 2026 | Stephen Foster

Victoria Real Estate  |  May 2026

A Goldilocks Spring: Victoria's Market Finds Its Balance

April 2026 MLS® Statistics, Greater Victoria Real Estate Board  |  Analysis by Stephen Foster, REALTOR®

Total sales 643 â–˛ 0.2% vs Apr 2025 Active listings 3,710 â–˛ 8.3% vs Apr 2025 SFH benchmark (Core) $1,339,100 â–Ľ 1.2% vs Apr 2025 Condo benchmark (Core) $558,300 â–Ľ 0.8% vs Apr 2025

April delivered exactly what the spring market needed: steady activity, growing inventory, and prices holding firm without the pressure we saw during the frenetic years of 2021-2022. A total…

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Victoria Real Estate Market Report for March 2026

April 1, 2026  A total of 579 properties sold in the Victoria Real Estate Board region this March, 5.5 per cent fewer than the 613 properties sold in March 2025 and 24.5 per cent more than in February 2026. Sales of condominiums decreased by 18.8 per cent from March 2025 with 164 units sold. Sales of single family homes decreased by 2.4 per cent from March 2025 with 285 sold.

"Our market is following a fairly typical spring market trend," said Victoria Real Estate Board Chair Fergus Kyne. "With sales and listings both increasing from the previous month, we're tracking a seasonal pattern that generally builds to the peak of the market in May or June."

There were 3,261 active listings for sale on…

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Will AI Change The Real Estate World?

You’ve probably noticed it everywhere...chatbots, instant search results, automated valuations, AI writing and AI images. It’s natural to wonder will AI evenutally replace real estate agents? The short answer is No. It will however change what great Realtors look like and that’s very good news for clients. 

What Ai Is Already Doing in Real Estate

AI has already quietly woven itself into the real estate industry in many practical ways. Online home values now update in real time, listing descriptions can be generated almost instantly and market statistics, trends and price ranges can be pulled together in seconds. Buyer search alerts are largely automated, chatbots can respond to questions around the clock…

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Victoria Real Estate Market Report-February 2026



March 2, 2026  A total of 465 properties sold in the Victoria Real Estate Board region this February, 11.9 per cent fewer than the 528 properties sold in February 2025 and 37.2 per cent more than in January 2026. Sales of condominiums decreased by 19.8 per cent from February 2025 with 154 units sold. Sales of single family homes decreased by 12 per cent from February 2025 with 206 sold.

"February's sales definitely picked up the pace compared with sales from the previous month,” said Victoria Real Estate Board Chair Fergus Kyne. "Though our sales numbers are lower than they were in 2025, with an over 35 per cent increase month over month, and a very healthy amount of inventory currently…

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Victoria Real Estate Market Report for January 2026

A total of 339 properties sold in the Victoria Real Estate Board region this January, 19.7 per cent fewer than the 422 properties sold in January 2025 and 7.6 per cent fewer than in December 2025. Sales of condominiums decreased by 25.3 per cent from January 2025 with 109 units sold. Sales of single family homes decreased by 21.1 per cent from January 2025 with 153 sold.

“This year kicked off with sales in a similar pattern to what we observed in 2023 and ‘24,” said Victoria Real Estate Board Chair Fergus Kyne. “Those years signalled the return to more predictable, seasonal patterns after the intense pace of the pandemic-influenced market we saw earlier in the decade. Different this year is…

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What is Bill 44?

Bill 44 is officially known as the 'Housing Statutes (Residential Development) Amendment Act 2023'. It is one of the most significant housing laws passed in British Columbia in recent years.  Bill 44 was created to help address the province's ongoing housing shortage by changing how residential development works, especially in cities and towns with more than 5000 residents.


What 'Bill 44' Changes

Traditionally, many neighbourhoods in BC were limited to single family homes which by definition are houses where only one household lives on a lot.  Bill 44 rewrites those rules to allow more housing types on those same lots. This includes:

  • Triplexes

  • Fourplexes

  • Laneway homes

  • Other small…

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